Barings has formed the Barings Mubadala Enterprise, an evergreen origination platform seeking to provide financing solutions to European middle-market businesses which aims. The platform aims to provide $3.5 billion in financing over the next 18 months.
Bloomberg reported that Sterling fell 3.5% in London, continuing the downward trajectory brought on by the UK’s decision to cut ties with the European Union.
Hugh Larratt-Smith examines asset-based lending in the European Union’s private equity sector. While private equity exits are on the rise, he says the disciplines of ABL can provide PE firms with an excellent, objective sounding board and a valuable tool for smart investing.
The Wall Street Journal reported that with the number of distressed businesses in Europe soaring, the continent’s bankruptcy laws are getting a makeover. And the model is Chapter 11 of the U.S. Bankruptcy Code.
Reuters reported that U.S. deal activity surged 62% during the first quarter bolstered by a series of deals valued at over $5 billion.
Working Capital Solutions’ Tom Siska provides both the yin and the yang for the factoring industry in 2012. The good news: Things will not be as bad as the Great Recession of 2008 and 2009. The bad news: Things will most likely get worse in 2012 before they get better, and no one knows when that will be.